Will canada budget 2021 limit cews misappropriation?

Ahead of Canada’s budget 2021, reports of big corporations unethically benefitting from the Canada Emergency Wage Subsidy (CEWS), one of government’s flagship pandemic-relief schemes, are doing the rounds. That the funds allocated by the federal government, with a view to share the wage burden of employers during periods of extended lockdowns, went into dividend payouts and executive pay hikes is making headlines.

The subsidy scheme’s primary aim is to indirectly support wage-earners by subsidizing wage costs of companies they are employed with. The COVID pandemic-induced lockdowns dealt a huge blow to revenues. The firms in export sector, too, weren’t spared given the worldwide adverse impact on business operations.


Disclaimer
The website https://kalkinemedia.com/ca is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001. The principal purpose of the content on the website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK